Mechanical Ventilators Market to Exceed $1.5 Billion by 2026, Driven by Technological Advances and Increasing Prevalence of Airway Diseases - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 14, 2018--The “Global Mechanical Ventilators Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The mechanical ventilators market was valued at US$ 779.5 million in 2017 and expected to reach US$ 1,532.5 million by 2026 at a CAGR of 7.9% during the forecast period from 2018 to 2026.
The global mechanical ventilators market exhibits lucrative growth during the forecast period from 2018 to 2026 attributed to technological advances in mechanical ventilators and increasing prevalence of airway diseases across the world.
Based on the product, the intensive care unit/critical care ventilators & accessories segment is expected to spearhead the market with increasing prevalence of airway diseases along with a surge in the number of ICU admissions & ICU beds equipped with ventilators.
Invasive ventilators administered via endotracheal tube inserted into the patient’s nose or mouth, or through a tracheostomy. Patients on long-term ventilation mostly need invasive ventilation thereby demand is on surge. Worldwide newborn baby population is on the rise, which is extremely demanding invasive ventilators, resulting in commanding market share over the forecast period.
Advances in non-invasive ventilators like administration of ventilatory support without using an invasive artificial airway such as tracheostomy tube or endotracheal tube in the trachea are gaining higher traction in pediatric intensive care units (PICUs). Non-invasive ventilators used for the treatment of acute respiratory distress syndrome (ARDS), pneumonia, asthma, upper airway obstruction, acute chest syndrome, and post-extubation respiratory failure.
North America to contribute maximum in the overall growth of the mechanical ventilators market attributed to rising prevalence of airway diseases and the presence of key market players & sophisticated healthcare infrastructure in the U.S. and Canada.
Asia Pacific to register lucrative CAGR during the forecast period owing to growing awareness among people about respiratory diseases and its treatment, surging geriatric population & a number of healthcare settings, and increasing healthcare spending in India, China, and Japan.
Key Topics Covered
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Mechanical Ventilators Market: Dynamics & Future Outlook
Chapter 4 Global Mechanical Ventilators Market, by Product, 2016-2026 (US$ Mn)
Chapter 5 Global Mechanical Ventilators Market, by Mode, 2016-2026 (US$ Mn)
Chapter 6 Global Mechanical Ventilators Market, by End-user, 2016-2026 (US$ Mn)
Chapter 7 Global Mechanical Ventilators Market, by Geography, 2016-2026 (US$ Mn)
Chapter 8 Company ProfilesBD (Becton, Dickinson and Company) Philips Healthcare GE Healthcare Medtronic Smiths Medical Getinge AB Hamilton Medical Drgerwerk AG & Co. KGaA ResMed Fisher & Paykel Healthcare Limited
For more information about this report visit https://www.researchandmarkets.com/research/54dx7n/mechanical?w=4
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Related Topics:Respiratory Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 06/14/2018 04:23 PM/DISC: 06/14/2018 04:23 PM